Can I retire at age 63 with 1,890,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$156,074$154,684$153,328$152,004$150,711$147,548
2 years$77,265$75,826$74,431$73,079$71,767$68,595
3 years$50,998$49,553$48,162$46,822$45,532$42,450
4 years$37,867$36,427$35,049$33,733$32,474$29,506
5 years$29,991$28,559$27,200$25,910$24,686$21,840
6 years$24,742$23,320$21,981$20,720$19,533$16,813
7 years$20,994$19,585$18,267$17,035$15,886$13,291
8 years$18,184$16,788$15,492$14,291$13,179$10,709
9 years$16,000$14,617$13,343$12,172$11,098$8,753
10 years$14,254$12,884$11,633$10,493$9,456$7,232
11 years$12,826$11,470$10,241$9,132$8,133$6,026
12 years$11,637$10,295$9,089$8,010$7,048$5,056
13 years$10,632$9,303$8,120$7,071$6,146$4,266
14 years$9,771$8,456$7,296$6,277$5,387$3,615
15 years$9,025$7,725$6,587$5,598$4,743$3,076
16 years$8,373$7,088$5,972$5,013$4,192$2,625
17 years$7,799$6,527$5,435$4,504$3,717$2,246
18 years$7,289$6,032$4,961$4,059$3,305$1,926
19 years$6,833$5,590$4,542$3,667$2,946$1,654
20 years$6,424$5,195$4,168$3,322$2,631$1,423
21 years$6,053$4,839$3,834$3,015$2,355$1,226
22 years$5,717$4,517$3,534$2,741$2,111$1,058
23 years$5,411$4,224$3,263$2,496$1,895$913
24 years$5,130$3,958$3,017$2,277$1,703$789
25 years$4,873$3,714$2,795$2,079$1,532$683
26 years$4,635$3,491$2,592$1,901$1,380$591
27 years$4,416$3,285$2,407$1,740$1,245$511
28 years$4,212$3,096$2,237$1,594$1,123$443
29 years$4,023$2,920$2,082$1,462$1,014$384
30 years$3,847$2,758$1,939$1,342$916$333
31 years$3,683$2,607$1,808$1,232$828$289
32 years$3,529$2,467$1,687$1,133$749$250
33 years$3,385$2,336$1,575$1,041$678$217
34 years$3,249$2,214$1,472$958$614$188
35 years$3,122$2,100$1,376$882$556$163
36 years$3,002$1,993$1,287$812$504$142
37 years$2,888$1,893$1,205$749$457$123
38 years$2,781$1,799$1,128$690$414$107
39 years$2,680$1,711$1,057$636$375$93
40 years$2,584$1,628$991$587$341$81
41 years$2,493$1,550$929$541$309$70
42 years$2,406$1,476$871$500$280$61
43 years$2,324$1,406$818$461$254$53
44 years$2,246$1,340$768$426$231$46
45 years$2,171$1,278$721$393$210$40
46 years$2,100$1,219$677$363$190$35
47 years$2,032$1,164$636$336$173$30
48 years$1,967$1,111$598$310$157$26
49 years$1,905$1,061$562$287$143$23
50 years$1,845$1,013$528$265$129$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $1,890,000, adding $2,989 every year, while hoping to spend $34,927 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 69/26/5 Blend
62$1,890,000$1,890,000$1,890,000$1,890,000
63$2,085,863$1,985,693$1,956,398$2,228,462
64$2,261,459$2,045,830$1,984,775$2,383,262
65$2,453,795$2,107,743$2,012,933$2,547,951
66$2,664,542$2,171,482$2,040,826$2,727,127
67$2,895,540$2,237,099$2,068,408$2,922,201
68$3,148,815$2,304,647$2,095,629$3,134,724
69$3,426,598$2,374,179$2,122,437$3,366,407
70$3,731,349$2,445,751$2,148,776$3,619,131
71$4,065,773$2,519,420$2,174,588$3,894,967
72$4,432,855$2,595,245$2,199,809$4,196,195
73$4,835,879$2,673,284$2,224,375$4,525,328
74$5,278,464$2,753,601$2,248,217$4,885,129
75$5,764,596$2,836,256$2,271,261$5,278,644
76$6,298,668$2,921,315$2,293,431$5,709,225
77$6,885,516$3,008,843$2,314,645$6,180,566
78$7,530,470$3,098,909$2,334,818$6,696,732
79$8,239,403$3,191,580$2,353,859$7,262,203
80$9,018,784$3,286,929$2,371,674$7,881,912
81$9,875,738$3,385,027$2,388,164$8,561,293
82$10,818,118$3,485,948$2,403,222$9,306,331
83$11,854,575$3,589,768$2,416,739$10,123,621
84$12,994,641$3,696,566$2,428,599$11,020,424
85$14,248,817$3,806,420$2,438,680$12,004,741
86$15,628,673$3,919,412$2,446,852$13,085,386
87$17,146,959$4,035,624$2,452,983$14,272,069
88$18,817,721$4,155,142$2,456,930$15,575,487
89$20,656,436$4,278,052$2,458,545$17,007,424
90$22,680,159$4,404,442$2,457,673$18,580,865
91$24,907,679$4,534,404$2,454,149$20,310,113
92$27,359,702$4,668,030$2,447,803$22,210,929
93$30,059,042$4,805,414$2,438,455$24,300,676
94$33,030,837$4,946,652$2,425,916$26,598,487
95$36,302,787$5,091,842$2,409,988$29,125,440
96$39,905,414$5,241,085$2,390,466$31,904,761
97$43,872,351$5,394,483$2,367,131$34,962,041
98$48,240,659$5,552,140$2,339,757$38,325,475
99$53,051,173$5,714,162$2,308,106$42,026,133
100$58,348,893$5,880,657$2,271,929$46,098,248